In 2022, global exports of peanuts (also known as groundnuts) were valued at a total of US$3.84 billion. This represents a significant increase of 61.4% since 2018, when global export sales for peanuts amounted to $2.38 billion. However, from 2021 to 2022, there was a -7.3% decline in export revenues, down from $4.14 billion.

Peanuts are unique edible seeds of a legume crop, notable for their underground growth of peanut pods. Whole peanuts can be dry roasted, boiled, baked, or eaten raw as snacks. They are also used to produce peanut oil, peanut butter, and peanut flour. Additionally, peanuts have various industrial applications, including in the manufacture of paint, varnish, lubricating oil, leather dressings, furniture polish, insecticides, soap, and cosmetics. Peanut shells are used in the production of plastics, wallboard, abrasives, rayon cellulose for paper, mucilage, and fuel.

By value, the top five exporters of peanuts in 2022 were India, the United States, Brazil, the Netherlands, and China. Together, these countries accounted for approximately 49.9% of the world's exported peanuts in 2022.

In 2022, Latin America (excluding Mexico but including the Caribbean) led in peanut exports, with shipments valued at $1.21 billion, or 31.6% of the global total. Asia followed with 26%, then Africa with 21.7%, North America with 12.8%, Europe with 7.8%, and Oceania with 0.1%, including Australia, Fiji, and New Zealand.

Top Peanut Exporting Countries

Below are the top 20 countries that exported the highest dollar value of peanuts in 2022, whether in-shell or shelled:

·India: US$710.6 million (18.5% of total exported peanuts)

·United States: $491.8 million (12.8%)

·Brazil: $332.7 million (8.7%)

·Netherlands: $214.7 million (5.6%)

·China: $163.8 million (4.3%)

·Nicaragua: $107.6 million (2.8%)

·Egypt: $84.8 million (2.2%)

·Malawi: $84.7 million (2.2%)

·Mozambique: $42.5 million (1.1%)

·Türkiye: $26.1 million (0.7%)

·Germany: $26 million (0.7%)

·Uzbekistan: $25.6 million (0.7%)

·Myanmar: $22.7 million (0.6%)

·Israel: $19.6 million (0.5%)

·Bolivia: $16.7 million (0.4%)

·Belgium: $16.5 million (0.4%)

·South Africa: $13.6 million (0.4%)

·Madagascar: $11.8 million (0.3%)

·Austria: $7.7 million (0.2%)

·Vietnam: $6.7 million (0.2%)

By value, these 20 countries shipped 63.3% of globally exported peanuts in 2022. Among the top exporters, Mozambique experienced the highest growth with an increase of 3,501%, followed by Malawi (up 94.5%), Austria (up 62.1%), and Egypt (up 27.2%). On the other hand, Vietnam saw a significant decline of -91.5%, followed by Myanmar (down -57.6%), Israel (down -21.5%), Belgium (down -21.3%), and the Netherlands (down -10.4%).

Top Peanut Importing Countries

Overall spending on imported peanuts surged by 154.3% over the five-year period from 2018 but saw a -4.9% year-over-year decline compared to $4.3 billion in 2021. Below are the 20 countries that imported the highest dollar value of peanuts in 2022, regardless of whether shelled or not:

·China: US$646.5 million (15.8% of total imported peanuts)

·Netherlands: $525.1 million (12.9%)

·Indonesia: $463.2 million (11.3%)

·Germany: $199.9 million (4.9%)

·Vietnam: $165.9 million (4.1%)

·Russia: $161.8 million (4%)

·United Kingdom: $159.8 million (3.9%)

·Canada: $153.7 million (3.8%)

·Poland: $118.4 million (2.9%)

·Mexico: $112.3 million (2.8%)

·Spain: $90.4 million (2.2%)

·Malaysia: $86.1 million (2.1%)

·Italy: $85 million (2.1%)

·France: $67.4 million (1.6%)

·Thailand: $58 million (1.4%)

·Algeria: $50.9 million (1.2%)

·Philippines: $48.9 million (1.2%)

·Colombia: $37.8 million (0.9%)

·Ukraine: $36.8 million (0.9%)

·Belgium: $35.8 million (0.9%)

By value, these 20 countries purchased 80.9% of globally imported peanuts in 2022. Among the top importers, Colombia saw the highest growth with an increase of 31.9%, followed by the Philippines (up 30.5%), Indonesia (up 29.5%), and Malaysia (up 27.9%). Conversely, Algeria experienced a significant decline of -39%, followed by China (down -37.1%), Russia (down -26.8%), Belgium (down -16.8%), and Italy (down -13.4%).

Prices and Tariff Codes

In 2022, the average unit price paid by importers for in-shell peanuts was $1,233 per ton, a 13.4% increase from the 2021 average of $1,087 per ton. Shelled peanuts commanded a higher unit price, averaging $1,254 per ton in 2022, up 2.8% from $1,220 per ton in 2021. The higher price for shelled peanuts is partly due to labor and processing costs.

For research purposes, the Harmonized Tariff System codes for peanuts are 120241 for in-shell peanuts and 120242 for shelled peanuts. Note that peanuts are classified under oil seeds and are sometimes referred to as groundnuts. In 2022, 92.4% of peanuts exported worldwide by value were shelled, while the remaining 7.6% were in-shell.

This summary provides an overview of the top exporters and importers of peanuts by country, highlighting significant data and trends in the global peanut market.

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